HF 1535

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; property; exempting certain 
  1.3             property owned and operated by nonprofit for education 
  1.4             of agriculture in Minnesota; amending Minnesota 
  1.5             Statutes 2000, section 272.02, by adding a subdivision.
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2000, section 272.02, is 
  1.8   amended by adding a subdivision to read: 
  1.9      Subd. 45.  [PROPERTY USED FOR AGRICULTURAL EDUCATION.] 
  1.10  Property owned and operated by a private, nonprofit charitable 
  1.11  corporation that qualifies for tax exemption under section 
  1.12  501(c)(3) of the Internal Revenue Code, is exempt from property 
  1.13  tax, if the property is primarily used for educational 
  1.14  interpretation of the past, present, and future of agriculture 
  1.15  in Minnesota, including, but not limited to, visitor and 
  1.16  conference centers, storage and demonstration structures, and 
  1.17  buildings for machinery, artifacts, crops, and livestock. 
  1.18     [EFFECTIVE DATE.] This section is effective for the 2001 
  1.19  assessment, taxes payable in 2002, and thereafter.